Topic: Why Bitcoin is the only crypto you should BUY - page 4. (Read 2695 times)
because in my opinion Bitcoin is the only cryptocurrency that is not controlled by anyone and only Bitcoin has that special thing and Bitcoin is the oldest coin and is called the king of crypto currencies. You may not buy altcoins but buy Bitcoin for your future.
Investing in Bitcoin is indeed a lesser risk than investing in altcoins. FTT and the rest have betrayed and messed with people’s trust but know that there are still reputable altcoins out there. One bad doesn’t mean everything is messed up too. What we can do is invest with caution (what you can afford to lose), and have an open mind that anything can happen as you can’t tell the future. Or you can simply invest in just Ethereum since it is see as the leader of all Altcoins and it has watched many altcoins get created and get destroyed too.
Investors' high confidence in Bitcoin makes its reputation unrivaled to date for any investment, in my opinion.agree that comparing the risks of bitcoin and altcoins is clearly not comparable. There are still many altcoins that are misleading and different from bitcoin, but until now they are still the most trustworthy and clearly have minimal risk. But there are also many altcoins that are good, have potential, and so far have been able to move at the same time as bitcoin, like ethereum, which is often called the king of altcoins, and bnb, which is already in the hearts of investors.Bitcoin's excellent network security, widespread usage, and market maturity reduce risk. Trust matters, but so does resilience and a time-tested structure. Yes, altcoins have potential, but even the king or investor's sweetheart, must follow Bitcoin's lead.
Diversification is important in personal finance, but don't confuse it with speculating. Bitcoin is the foundation for decentralized financial sovereignty and value. Investment and statement against existing financial systems' instability.
My coming into cryptocurrency has been very short-lived. I have been watching the ups and downs of various digital currencies over the past few years in cryptocurrencies. I have seen this from my short time and experience and statistics from the past years - many digital currencies have come and gone. But Bitcoin is a stablecoin that has never experienced such a situation but may have lost some value. On the other hand, Bitcoin has given us a lot of profit. So what I can say from my short judgment analysis is that Bitcoin is the only currency I should buy and invest in given time and opportunity.
Investing in Bitcoin is indeed a lesser risk than investing in altcoins. FTT and the rest have betrayed and messed with people’s trust but know that there are still reputable altcoins out there. One bad doesn’t mean everything is messed up too. What we can do is invest with caution (what you can afford to lose), and have an open mind that anything can happen as you can’t tell the future. Or you can simply invest in just Ethereum since it is see as the leader of all Altcoins and it has watched many altcoins get created and get destroyed too.
Investors' high confidence in Bitcoin makes its reputation unrivaled to date for any investment, in my opinion.agree that comparing the risks of bitcoin and altcoins is clearly not comparable. There are still many altcoins that are misleading and different from bitcoin, but until now they are still the most trustworthy and clearly have minimal risk. But there are also many altcoins that are good, have potential, and so far have been able to move at the same time as bitcoin, like ethereum, which is often called the king of altcoins, and bnb, which is already in the hearts of investors.
Investing in Bitcoin is indeed a lesser risk than investing in altcoins. FTT and the rest have betrayed and messed with people’s trust but know that there are still reputable altcoins out there. One bad doesn’t mean everything is messed up too. What we can do is invest with caution (what you can afford to lose), and have an open mind that anything can happen as you can’t tell the future. Or you can simply invest in just Ethereum since it is see as the leader of all Altcoins and it has watched many altcoins get created and get destroyed too.
Look, I get that my use of the term, "meme coin" triggers people, so I'll stop using it.
I merely meant that Bitcoin's primary value was based on it's brand, which is very plain to see when you compare it to other cryptocurrencies with the exact same technical specifications as Bitcoin and yet have only a tiny fraction of Bitcoin's value.
Terms like that actually don't matter as long as they are used correctly, because for me as long as they are not Bitcoin. So the crypto asset is an altcoin, so the term might be more appropriate considering that currently there are so many altcoins that are trying to equate themselves with Bitcoin. Even though they will never be the same as Bitcoin, moreover the value itself is very different in the eyes of many people because Bitcoin is the only best asset in crypto to date. I merely meant that Bitcoin's primary value was based on it's brand, which is very plain to see when you compare it to other cryptocurrencies with the exact same technical specifications as Bitcoin and yet have only a tiny fraction of Bitcoin's value.
because bitcoin is the most trusted coin. why yes because bitcoin was the first coin to be born. and almost all of its trade coins are paired with bitcoin. with very high trust if you want to invest safely and comfortably, only bitcoin if you invest in crypto currency. but if you want big and big profits, invest in altcoins because the price movements up and down are very wild.
No one claim to buy the bitcoin but due to the unavoidable bitcoin demand in the market,the bitcoin was traded with various price and sell to the good market cap.Other cryptocurrencies have their good and bad impact in the market and the market was unpredictable to the other coin.But the bitcoin was used by all the new traders,they have knowledge or not in the cryptocurrency.The investment was made in a way of blind buying of bitcoin with various price.Because many of the experienced traders know the value of the bitcoin,they easily sell the bitcoin at the next pump in the price of bitcoin in the market.
The way I see it, all bullshit token and coin abandons are done for this one reason; they only have one purpose which I will explain better...
We saw Luna and FTT are made for a reason which is to support those companies themselves, the day these companies drop their token or their currency will drop too.
That's why for me bitcoin is perfection because this previous one is multipurpose and its foundation is to avoid intermediaries there are no companies managing it, we will not be able to match satoshi due to the price drop(thats a clever move for him to stay behind the scenes).
In a pool of thousands of coins you expect to have some bad players especially that this industry remains unregulated which means any Jim and Jack is free to have their own token and try their luck if it will be relevant in some way.We saw Luna and FTT are made for a reason which is to support those companies themselves, the day these companies drop their token or their currency will drop too.
That's why for me bitcoin is perfection because this previous one is multipurpose and its foundation is to avoid intermediaries there are no companies managing it, we will not be able to match satoshi due to the price drop(thats a clever move for him to stay behind the scenes).
And the fact that these tokens we have today serve different purposes, I think it's unfair to compare them to Bitcoin which has naturally been accepted for its multipurpose use...but then again if you think about it these coins can be used for more than their utility use , and can be used as a digital currency and other uses.
Because we know that satoshi does not depend on a company to reinforce bitcoin.
And with this I finish all the currencies are a scam(meaning that the price can disappear) for me, personally the legit ones they are btc and tether.
What do you think?
The named tether has a sketchy history if you dig it up, and for Bitcoin in some circles some people will tell you it's speculative and built more like a pyramid scheme...but at the end of the day we support coins that we believe in air whatever reasons and no one should hate you for it as we are entitled to our opinions. And with this I finish all the currencies are a scam(meaning that the price can disappear) for me, personally the legit ones they are btc and tether.
What do you think?
There are many things to consider before going into crypto in full, you should first of all research the best accessible and trusted crypto in terms of transparency and decentralization, note Bitcoin is the most trusted and popular crypto but I don't like calling Bitcoin cryptocurrency because I have always have a thought that bitcoin has numerous coin in it that may be found later, the popularity and investment of individuals in Bitcoin can not be compared without other coin, my question is that can someone invest in a coin that he doesn't trust the answer is yes but the possibility of such incident place is slim, so people invest in bitcoin because of trust and it's decentralized nature, I consider profit as the secondary factor.
For longterm yes, but there is no harm in edging into alts to be able to buy more btc. Most people who invest on alts are just short and mid term investment in order for them to get the funds to invest on btc for long term.
There is money to be made in both sides and if an investor limit themselves to just one side then they will likely miss out on huge opportunities.
There is money to be made in both sides and if an investor limit themselves to just one side then they will likely miss out on huge opportunities.
There is no reason to buy cripto.Ever since it first came into the market in 2009, cryptocurrency has created a huge stir among a class of people. By the end of 2022 the exchange value of one bitcoin rose above 60k. Currently the price has come down but it is standing around 46k.
But when Bitcoin hit the market in 2009. Its price was almost zero. That is if we consider the current price of Bitcoin the price of this digital currency has increased almost 40 thousand times in the last 14 years.
Now the choice is yours.
But when Bitcoin hit the market in 2009. Its price was almost zero. That is if we consider the current price of Bitcoin the price of this digital currency has increased almost 40 thousand times in the last 14 years.
Now the choice is yours.
I know this is an old thread, but had to jump in to share my two satoshis. I am by far a supporter of bitcoin over all other types of cryptocurrency, but there are a couple others out there that have legit utility as well as upside potential investment wise. I think Monero is the second most legit crypto coin. Truly private transactions is pretty bad ass, though I don't think that's how bitcoin should ever be (number or reasons). Litecoin is nice for quick and cheap transactions. I know Ethereum is centralize and a total shitcoin and what not, but I do still see a sizable bit of upside in that coin.
If we talk about privacy and usage purposes, you are right that there are only a few cryptocurrencies apart from Bitcoin that are private, decentralized, and secure. However, if we see from an investment perspective, there can be many more that one can use for short-term investment purposes to earn a small percentage of profit on every trade.Talking about Ethereum, it might be centralized, but we can't ignore the fact that thousands of projects in the industry are running on top of Ethereum blockchain which makes it one of the most trusted cryptocurrencies in the industry which makes it a good option for investment. There are many more, a small research and you can find a bunch.
Regardless, you are saying what is right, Bitcoin has a whole lot of good functions and reasons for anyone to want to invest in it. But at the same time, we look beyond this, this is even as the investment purpose is the main goal here unless people fake it. If I ask you, why do you think that people are investing their money in Bitcoin and other cryptocurrencies, is it not for the money? That is why money is the number one priority here, then decentralization, safety and others will be secondary. Many people who were talking alone about Bitcoin before on the forum are now talking about altcoins as well as ways to invest their money. While many will continue to fake it in the open but are actually investing heavily in altcoins.
Owning to this, one should know that our agenda and purpose for dealing with cryptocurrency is the money, and when there are many alternatives to Bitcoin that can earn investors multiple of what Bitcoin would earn in just the same period of time, won't they wisely and smartly opt for them? I think this settles it. This is unless the person is just a core ardent supporter of Bitcoin and an extremist about it. And this set of people are the ones who bought it when it was so cheap, so what do you expect?
There are a lot of really bad, potentially & often subsequently proven to be, shitcoins. I am literally over 95% Bitcoin (not including my home & other real estate). I have a relatively small Ethereum allocation & even smaller stash of shitcoins, just for shits & gigs. I do mostly agree that Bitcoin is the only coin worth having & I’d go furtyer than that. Bitcoin is preferable to mostly all stocks & traditional finance products.
I don't agree that only Bitcoin should be bought as an investment; there are many potential altcoins in the market that are even better to invest in and hold so that you can earn a lot of money in reality. Although, when it comes to long-term, proven and tested Bitcoin, even other altcoins like ETH, Bnb, Matic, and others are in the top market listing.
There are many opportunities in cryptocurrency, not only Bitcoin, and most of the community here in the field of the crypto industry knows this, to be honest. For me, Bitcoin is good if you can buy more than one Bitcoin, but if there is not at least 0.5 of it in the coming halving or bull run, I suggest that it is better to shift the investment to altcoins because they are bigger. the chances of us getting a profit.
There are many opportunities in cryptocurrency, not only Bitcoin, and most of the community here in the field of the crypto industry knows this, to be honest. For me, Bitcoin is good if you can buy more than one Bitcoin, but if there is not at least 0.5 of it in the coming halving or bull run, I suggest that it is better to shift the investment to altcoins because they are bigger. the chances of us getting a profit.
Well, altcoins are very vulnerable to price movements just like BNB last time when the CZ stepped down we saw BNB drop for more than 10% but after that the FUD slowly faded and BNB regained its strength again. unlike Bitcoin which needs like a big movement to make a FUD so Bitcoin price goes down like a country banning Bitcoin, an exchange getting hacked and shutdown, whales selling their Bitcoin, etc.
The OP said like that maybe because he got scammed with many altcoins so he was frustrated with investing in another altcoin, what we should learn here is that we should be ready for anything that can happen in crypto since no one guarantees our money also not investing in one instrument is one of the way to prevent all our capital lost in one investment.
I don't agree that only Bitcoin should be bought as an investment; there are many potential altcoins in the market that are even better to invest in and hold so that you can earn a lot of money in reality. Although, when it comes to long-term, proven and tested Bitcoin, even other altcoins like ETH, Bnb, Matic, and others are in the top market listing.
There are many opportunities in cryptocurrency, not only Bitcoin, and most of the community here in the field of the crypto industry knows this, to be honest. For me, Bitcoin is good if you can buy more than one Bitcoin, but if there is not at least 0.5 of it in the coming halving or bull run, I suggest that it is better to shift the investment to altcoins because they are bigger. the chances of us getting a profit.
There are many opportunities in cryptocurrency, not only Bitcoin, and most of the community here in the field of the crypto industry knows this, to be honest. For me, Bitcoin is good if you can buy more than one Bitcoin, but if there is not at least 0.5 of it in the coming halving or bull run, I suggest that it is better to shift the investment to altcoins because they are bigger. the chances of us getting a profit.
The problem with only investing in bitcoin is that it's pricey for some people so there's others out there that would be willing to risk it all for some unknown token hoping that they've invested on the next bitcoin or Ethereum and that's why the scammers and people that do nothing but scheme to steal other people's money use that fact that people are risking their money for the chances of getting the next bitcoin. I do agree in a sense that bitcoin is the only thing that you should buy but if you've been in the crypto space for a really long time and you don't mind burning some money, maybe it's worth trying to buy some but still do your due diligence of researching about the company.
because bitcoin is the most trusted coin. why yes because bitcoin was the first coin to be born. and almost all of its trade coins are paired with bitcoin. with very high trust if you want to invest safely and comfortably, only bitcoin if you invest in crypto currency. but if you want big and big profits, invest in altcoins because the price movements up and down are very wild.
Dear, there are many reasons behind buying or investing only in bitcoin is that it is only the strongest digital currency out there. If we talk about the current scenario Bull run is on the way and is halving is too near where bitcoin can make some price correction which will give buying opportunity to the investors it is saying that bitcoin will reach 170000$ in this bull run because there is many positive news in current time which bullish to investors to buy aggresively. DYOR it has less risk as compared to other altcoins.
It's normal for everyone to say, as you say, that buying and investing in Bitcoin is the best choice because Bitcoin is well known and very popular with all investors as an investment that always provides the best for its holders. It's true that the halving period is just a matter of time, and it is a sign that bullish times are coming. and bitcoin will increase and altcoins will move following bitcoin's movements, so of course this opportunity should not be missed if you don't want to just be a spectator where those who have investments enjoy the profits.
"Should" is a strong word and I would say it may take a while. I get that some people may have some doubts but that is not really the case, I do not suggest anyone to have these kinds of musts and have to's, because that would only hurt you. Be more dynamic when it comes to asset management, and yes Bitcoin is by far the best investment anyone can ever make, but that doesn't mean that you should never even look at other things, just look at them and if you think that they are not good enough then you would not do it at all.
I personally believe that the best thing to do at the moment would be just realizing you are not going to end up with a strict mind, sometimes you will test stuff, and just let yourself have the chance to test things sometimes.
I personally believe that the best thing to do at the moment would be just realizing you are not going to end up with a strict mind, sometimes you will test stuff, and just let yourself have the chance to test things sometimes.
In my opinion, BTC is the lung of all Altcoins. as long as BTC is still alive, there will be many new ideas and ideas in the world of cryptography.
No wonder you hate Altcoins because this year there was an incident that disappointed all cryptocurrency users.
Precisely, in my opinion, the problems that occur are positive things that must be learned for every CEX and DEX to improve security in storing user funds in the future.
There is a saying that the more you are hurt, the stronger you are. the sentence states that tests or trials will make us stronger. Likewise, CEX and DEX will continue to improve their quality because problems that exist in their environment or those that approach them directly such as the collapse of Luna and FTT will make other parties more thorough and prioritize the safety and comfort of their users.
Since Bitcoin was one of the first cryptocurrencies ever created, the general concept of all altcoins derives from it, which is why they're also closely correlated. I honestly never bothered with altcoins too much, except one time I used to mine with my PC. I only felt safe with Bitcoin. However, I don't believe that all altcoins are poor; some have a specific purpose while others have characteristics that Bitcoin doesn't cover, such as anonymity (Monero) or Ripple, which was meant to be a payment system using a unique consensus mechanism, the XRP Ledger Consensus Protocol, for consensus and validation.No wonder you hate Altcoins because this year there was an incident that disappointed all cryptocurrency users.
Precisely, in my opinion, the problems that occur are positive things that must be learned for every CEX and DEX to improve security in storing user funds in the future.
There is a saying that the more you are hurt, the stronger you are. the sentence states that tests or trials will make us stronger. Likewise, CEX and DEX will continue to improve their quality because problems that exist in their environment or those that approach them directly such as the collapse of Luna and FTT will make other parties more thorough and prioritize the safety and comfort of their users.
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